The Dow Makes It 5 Records in a Row: Merck & Co. Inc. (MRK), Zynga Inc (ZNGA), Genworth Financial Inc (GNW)

They say that most bull markets end with a final bout of exuberance, and that certainly looks like what might be happening with the stock market these days. The Dow Jones Industrials have risen seven straight days, setting new records for each of the past five sessions as the average added another 50 points today. The broader market also rose, although small-cap U.S. stocks as well as foreign stock markets generally didn’t perform as well.

The Dow’s biggest gainers were The Boeing Company (NYSE:BA) and Merck & Co., Inc. (NYSE:MRK) . For Boeing, which rose more than 2%, continued confidence from company executives about the airplane manufacturer’s long-term prospects amid huge demand for commercial aircraft showed that Boeing is focused squarely on its future, keeping in perspective recent woes with the 787 Dreamliner. In addition, the company has finally found the problem behind the Dreamliner’s battery issues and believes it has a safe and reliable solution to fix the problem permanently.

The Boeing Company (NYSE:BA)Meanwhile, Merck & Co., Inc. (NYSE:MRK) rose 1.6% despite releasing the data behind its negative findings from a study on niacin-drug Tredaptive. Still, the company has other promising candidates in its pipeline, including folic acid-based cancer drug vinafolide. Moreover, as investors start to get nervous about the length of the bull market, Merck & Co., Inc. (NYSE:MRK) has a certain resistance to bear markets because of the need for its products.

Beyond the Dow, Zynga Inc (NASDAQ:ZNGA) soared more than 10% on rumors that Yahoo! might buy out the company. Given the fast pace of changes at Yahoo! since Marissa Mayer took over, one Wall Street analyst believes that boosting its social-media presence is part of Yahoo!’s strategy and that Zynga Inc (NASDAQ:ZNGA) is just one of many promising candidates in the space that would make for a promising acquisition.

Finally, Genworth Financial Inc (NYSE:GNW) rose almost 7% after positive comments from Barron’s over the weekend. The article noted that recovering housing prices have really helped the company’s mortgage-insurance business, and as government agencies get out of the insurance business, Genworth Financial Inc (NYSE:GNW) and its peers have more room to take advantage of the recovery. The shares have already climbed substantially, but a true return to normal levels of home-price appreciation would backstop the premiums that Genworth Financial Inc (NYSE:GNW) charges to customers.

The article The Dow Makes It 5 Records in a Row originally appeared on Fool.com.

Fool contributor Dan Caplinger has no position in any stocks mentioned. You can follow him on Twitter: @DanCaplinger. bThe Motley Fool has no position in any of the stocks mentioned.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!